Achmea Investment Management B.V. Makes New $757,000 Investment in Wynn Resorts, Limited (NASDAQ:WYNN)

Achmea Investment Management B.V. acquired a new position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,788 shares of the casino operator’s stock, valued at approximately $757,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in Wynn Resorts by 90.6% during the 3rd quarter. Wellington Management Group LLP now owns 115,707 shares of the casino operator’s stock worth $11,094,000 after purchasing an additional 54,995 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Wynn Resorts during the fourth quarter worth about $75,872,000. Empirical Asset Management LLC acquired a new position in shares of Wynn Resorts during the fourth quarter worth about $903,000. Cookson Peirce & Co. Inc. increased its stake in shares of Wynn Resorts by 79.8% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 33,828 shares of the casino operator’s stock worth $2,915,000 after acquiring an additional 15,017 shares during the period. Finally, ARGA Investment Management LP acquired a new position in shares of Wynn Resorts during the third quarter worth about $2,174,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Wynn Resorts

In other Wynn Resorts news, Director Philip G. Satre acquired 22,200 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $92.18 per share, with a total value of $2,046,396.00. Following the completion of the transaction, the director now directly owns 34,195 shares of the company’s stock, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.52% of the company’s stock.

Wynn Resorts Stock Performance

Shares of WYNN opened at $86.18 on Friday. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.35 and a beta of 1.77. The company’s 50 day simple moving average is $85.47 and its 200 day simple moving average is $88.63. Wynn Resorts, Limited has a 1 year low of $71.63 and a 1 year high of $110.38.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $1.15. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.78 billion. Equities analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, February 24th. Wynn Resorts’s payout ratio is currently 23.75%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WYNN. Jefferies Financial Group upgraded shares of Wynn Resorts from a “hold” rating to a “buy” rating and boosted their price target for the stock from $105.00 to $118.00 in a research note on Tuesday, February 18th. Morgan Stanley dropped their price target on shares of Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Macquarie reiterated an “outperform” rating and set a $115.00 price target on shares of Wynn Resorts in a research note on Friday, February 14th. Stifel Nicolaus boosted their price objective on shares of Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Barclays boosted their price objective on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $119.58.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.